Economics
The economics major emphasizes basic economic theory and its applicability to the analysis of problems in the economy and society. Economics majors may elect to earn the Bachelor of Science degree or the Bachelor of Arts degree. Each degree has different requirements.
Major Requirements
Bachelor of Science Degree
- Business Administration 260;
Economics 190, 191, 365, 366, 367, 370. 371, 376, 462, 480 - Computer Information Systems 206
Bachelor of Arts Degree
- Business Administration 260
- Economics 190, 191, 366, 367, 370, 371, 376, 462, 480
- Two of the following courses:
- Business Administration 282
- Political Science 280, 320, 385
General Information
- Students intending to pursue graduate study in economics are strongly recommended to complete Mathematics 261 and 262.
- The pass/fail grade option may be used in only one repeated course required for the major.
- No more than half of the economics courses required for the major will be accepted in transfer from other institutions.
Minor Requirements
Six economics courses listed under major requirements or five economics courses and one course chosen from:
- Business Administration 260, 282
- Political Science 280, 320 or 385
General Information
- The pass/fail grade option may be used in only one repeated course required for the minor.
- No more than half of the courses required for the minor will be accepted in transfer from other
institutions.
Courses
190. PRINCIPLES OF MICROECONOMICS (3)
An introduction to economic theory and economic analysis of the American economy with emphasis
on microeconomics the price system, product and input
market analysis. This course will satisfy the social science core area requirement.
191. PRINCIPLES OF MACROECONOMICS (3)
An introduction to economic theory and economic analysis of the American economy with emphasis
on macroeconomics Ñnational income analysis, fiscal
and monetary policy. This course will satisfy the social science core area requirement.
365. APPLIED RESEARCH METHODS (3)
A study of the application of statistical research to the definition and resolution of financial
marketing and economic business problems. The course will cover research design, sampling theory,
methods of data collection, the use of statistical techniques in the data analysis, and introduce
forecasting models. Listed also as Business Administration 365.
Prerequisites: Business Administration 260 Computer Information Systems 206 is
recommended
366. AMERICAN ECONOMIC HISTORY (3)
The market and non-market forces and personalities shaping the development of the American
economy from the colonial period through the early 1950s. Listed also as American Studies 366. This
course will satisfy the social science core area requirement.
Prerequisites: Economics 190 and 191
367. FINANCIAL MARKETS AND INSTITUTIONS (3)
This course examines money and capital markets, the instruments traded in these markets and the
major financial institutions and regulation of these markets. The first part of the course explores
market forces, determining the level and structure of interest rates. In the second part, the
money, stock and bond markets as well as the foreign exchange markets and financial derivatives
markets are analyzed. The last part of the course examines the changing structure, anagement
and regulation of depository institutions and investment companies. Throughout the course,
the emphasis will be on the application of the concepts being learned.This course will satisfy the
social science core area requirement.
Prerequisites: Economics 190
370. INTERMEDIATE PRICE THEORY: MICROECONOMICS (3)
The mechanism of a free market economy. The theory of price and output as determined under
conditions of perfect competition, monopoly and monopolistic
competition.
Prerequisite: Economics 190
371. INTERMEDIATE INCOME THEORY: MACROECONOMICS (3)
Theoretical study of questions concerning the economy as a whole: national income, consumption,
investment, the role of government, monetary flows and national economic growth.
Prerequisite: Economics 190
376. INTERNATIONAL ECONOMICS (3)
The course examines why nations trade, what determines the basis and direction of trade, who
gains or loses from trade and the dynamic nature of comparative advantage. It analyzes how
countries try to change their comparative advantage in trade through subsidies, industrial and
regulatory policies and tariff and non-tariff barriers. Multilateral and bilateral trade
arrangements and the impact of these arrangements are examined. Study of the strengths and
weaknesses of fixed and floating rate systems and the factors that affect exchange rates are
explored.This course will satisfy the social science core area requirement.
Prerequisites: Economics 190 and 191
450. INDEPENDENT STUDY (3)
Open to juniors and seniors majoring in economics.
455. INTERNSHIP (1-8)
Training in a business organization for a designated number of hours a week under the
supervision of a faculty member and the manager of the business.
Exposure to various aspects of business, finance or accounting.
Prerequisite: Open to juniors and seniors majoring in economics
462. HISTORY OF CONTEMPORARY ECONOMIC THOUGHT (3)
This course offers an examination of the development of economic theory in the 20th century. New
classical economics, rational expectations and the natural rate of unemployment are covered.
Assessment is made of real business cycle theory, Keynesian, New Keynesian and Post-Keynesian
macroeconomic theories, as well as imperfect competition and game theory, the economics of
information and human capital theory.This course will satisfy the social science core area
requirement.
Prerequisite: Economics 190 and 191
480. MANAGERIAL ECONOMICS (3)
An analysis of the techniques of economic decision making and their relation to business
enterprise. Managerial models and applications are investigated
and tested. Emphasis upon recent managerial thought. This course will satisfy the social
science core area requirement.
Prerequisites: Economics 190 and Business Administration 260
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